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Rosita
Rosita C. is from the village of Parog Parog, Solana, Cagayan. She is 52 years old and is single. To make a living, Rosita owns and operates farm raising crops. While not the only means of generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Rosita has been engaged in her business for over 10 years and earns approximately 10,000 PHP a month for these activities.

In 2007, Rosita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosita has successfully repaid a previous loan of 35,000 PHP from ASKI. Rosita is requesting a new loan of 30,000 PHP which will be used to purchase fertilizers such as manure. This loan will be the seventh loan taken out by Rosita from ASKI. She plans to use the additional revenue generated from the business to financially support extended members of her family.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 1463
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Rosita to purchase fertilizers such as manure.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 14, 2010
Listed
Nov 12, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011